Fairfax to acquire additional Cunningham Lindsey shares

Fairfax Financial Holdings Limited (TSX and NYSE: FFH) announced that it has entered into an agreement to purchase 1,031,090 subordinate voting shares of Cunningham Lindsey Group Inc. from a group of third party investors.
The Cunningham Lindsey shares will be acquired pursuant to a private agreement transaction at an aggregate purchase price of Cdn$2.25 million, a Fairfax press release says.
The shares are being purchased for investment purposes and Fairfax may acquire additional shares from time to time in accordance with applicable laws.
After giving effect to the purchase of the subordinate voting shares, Fairfax will own approximately 84.1% of such class of shares of Cunningham Lindsey, and will continue to own 100% of the outstanding multiple voting shares.
Fairfax has beneficial ownership and control over all such shares and is not acting with any joint actor in connection with the purchases or the ownership of such shares, information from the company says.
Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance, investment management and insurance claims management.